KB Financial Group (NYSE:KB) Shares Gap Down – What’s Next?

KB Financial Group Inc. (NYSE:KB) gapped down prior to trading on Tuesday . The stock had previously closed at $49.86, but opened at $48.66. KB Financial Group shares last traded at $48.75, with a volume of 26,841 shares trading hands.

Analyst Ratings Changes

KB has been the topic of a number of recent research reports. StockNews.com upgraded shares of KB Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, April 2nd. Morgan Stanley raised shares of KB Financial Group from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th.

KB Financial Group Stock Performance

The stock has a market capitalization of $20.10 billion, a P/E ratio of 5.95, a P/E/G ratio of 0.52 and a beta of 0.92. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.29. The stock has a 50 day simple moving average of $55.29 and a two-hundred day simple moving average of $60.63.

KB Financial Group (NYSE:KB) last issued its earnings results on Wednesday, March 5th. The bank reported $1.21 earnings per share for the quarter. The business had revenue of $2.94 billion for the quarter. KB Financial Group had a net margin of 12.33% and a return on equity of 7.71%. On average, equities analysts forecast that KB Financial Group Inc. will post 8.87 EPS for the current fiscal year.

Hedge Funds Weigh In On KB Financial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hudson Edge Investment Partners Inc. increased its holdings in shares of KB Financial Group by 5.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 3,472 shares of the bank’s stock valued at $198,000 after purchasing an additional 168 shares during the last quarter. Seeds Investor LLC grew its stake in KB Financial Group by 2.9% in the 4th quarter. Seeds Investor LLC now owns 6,923 shares of the bank’s stock valued at $394,000 after buying an additional 195 shares during the last quarter. Candriam S.C.A. raised its holdings in KB Financial Group by 1.9% in the 4th quarter. Candriam S.C.A. now owns 10,679 shares of the bank’s stock valued at $608,000 after acquiring an additional 200 shares during the period. Cetera Investment Advisers lifted its position in KB Financial Group by 7.4% during the fourth quarter. Cetera Investment Advisers now owns 3,759 shares of the bank’s stock worth $214,000 after acquiring an additional 258 shares during the last quarter. Finally, Centiva Capital LP boosted its holdings in shares of KB Financial Group by 6.0% during the third quarter. Centiva Capital LP now owns 5,034 shares of the bank’s stock worth $311,000 after acquiring an additional 283 shares during the period. Institutional investors own 11.52% of the company’s stock.

About KB Financial Group

KB Financial Group Inc provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments.